Metal Recycling Equipment Market Size, Top Key Players, Latest Trends, Regional Insights and Global Industry Dynamics By 2032
The Global Metal Recycling Equipment Market is expected to be worth US$ 6.9 billion in 2022. Metal recycling equipment sales are predicted to surpass US$ 11.5 billion by the end of 2032, up from US$ 6.5 billion in 2021. Metal recycling equipment demand is expected to rise at a CAGR of roughly 6% to 7% between 2022 and 2032, owing to growing concerns about metal waste management and the use of recycled products.
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| Metal Recycling Equipment |
Metal recycling equipment comes across as industries
machinery like briquetting machines, shredders, baler presses, granulating
machines, extruders, and likewise, which are, as the name suggests, recycling
the metal waste inclusive of sorting & collection, processing, grinding,
melting, and purification.
With growing concerns about the disposal of metal waste all
across, metal recycling is inevitable. Metal is among the vital elements used
to produce a spectrum of products encompassing automotive components &
parts, mechanical equipment, electronic appliances, construction materials,
beverage containers, furniture, and likewise.
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Also, governments are imposing strict regulations
regarding the disposal of metal waste. These factors are expected to find the metal
recycling equipment market well in the near future.
At the same time, the fact that metal recycling equipment
is costly can’t be ignored. This could definitely make small, as well as medium-sized enterprises, have to think twice before opting for this equipment.
Plus, excessive tear and wear of the parts like ram, wear ring, barring, die,
split die, and likewise could hinder the market. These factors could actually
act as a hump to the metal recycling equipment market in the years to come.
Future Market Insights has walked through these facts
with insights in its latest market study entitled ‘Metal Recycling Equipment
Market’. It has its team of analysts and consultants to have it executed, with
primary as well as secondary research ‘On’.
Key Takeaways from Metal Recycling Equipment Market
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The Asia-Pacific holds the
largest market share. It, in fact, contributes to more than 40% of the overall
revenue. This could be credited to a noteworthy increase in acquisitions,
mergers, site relocations, and integration activities all across. The
government of China altered
the import limitations regarding copper and aluminum in January 2021,
which is expected to bolster the metal recycling equipment market.
·
MEA alone is expected to witness a CAGR of
~5% in the metal recycling equipment market. This could be reasoned by
growing investments in textile equipment, aircraft production, and fabrication
of metallic items.
·
North America and Europe are
witnessing steadiness in the metal recycling equipment market and are expected to
continue to be the same even going forward.
Competitive Analysis
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Metso Outotec, in October 2021, did launch an index
online tool with the objective of gathering, combining, and analyzing data, and
ultimately evaluating metal recycling equipment.
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LEFORT, around the same time, did announce
sales of KOLOSS 200T. It is expected to be on the floor by the end of 2022.
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ArcelorMittal, in November 2019, made an investment
in a novel sustainability program in Europe with the objective of
securing ‘Responsible Steel’ site certification for every site of ArcelorMittal
Europe – Flat Products.
·
Aurubis AG, in May 2019, completed the acquisition of
Belgian-Spanish Metallo Group for continuing with a multi-metal recycling
strategy. The multi-metal portfolio constitutes key metals such as lead, zinc,
tin, nickel, and copper.
·
Nucor Corporation, in May 2019, did
announce capital investment to enable the production of engineered bar products to
cater to quality specifications in the industry. The operations began in late 2020.
“The fact that metals have pretty good recyclability and
sustainability is likely to take the metal recycling equipment to a new ‘high’
in the near future”, says an analyst from Future Market Insights.
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